Sony, mining shares lead Asia lower

WanfengZhou

NEW YORK (MarketWatch) -- U.S.-listed stocks of Asian companies fell slightly Tuesday, ignoring a robust rally on Wall Street, which saw the Dow Jones Industrials Average post a fresh all-time high, as shares of Sony were hit by a broker downgrade and resource stocks tumbled on retreating commodity prices.

The Bank of New York Asia ADR Index was last down 0.1% at 142.31 points, while the Bank of New York Composite Index fell 0.07% to 151.04 points.

American depositary shares of Sony Corp.
SNE, +1.06%
fell 1.1% to $39.28 after Goldman Sachs downgraded the stock to neutral from buy, citing concerns over the company's gaming business.

Confidence in Sony was further shaken by a Macquarie Securities report Monday that said Sony's PS3 video-game console, due to be released next month, may have system-stability problems.

Elsewhere, mining and resource stocks came under broad pressure as oil prices fell to its lowest level in more than a year and gold futures dropped to a nearly four-month low. See futures movers.See metals stocks.

Intraday Data provided by SIX Financial Information and subject to terms of use.
Historical and current end-of-day data provided by SIX Financial Information. Intraday data
delayed per exchange requirements. S&P/Dow Jones Indices (SM) from Dow Jones & Company, Inc.
All quotes are in local exchange time. Real time last sale data provided by NASDAQ. More
information on NASDAQ traded symbols and their current financial status. Intraday
data delayed 15 minutes for Nasdaq, and 20 minutes for other exchanges. S&P/Dow Jones Indices (SM)
from Dow Jones & Company, Inc. SEHK intraday data is provided by SIX Financial Information and is
at least 60-minutes delayed. All quotes are in local exchange time.